California Economy and Taxes
 
Image - Big 3 Revenue Outlook
Image - California's Tax System: A Visual Guide
Image - Economic Indicators


Thumbnail for Breaking Down State and Local Sales Tax Rates
Breaking Down State and Local Sales Tax Rates December 15, 2014

California's sales and use tax is dedicated to various state and local purposes.

Thumbnail for Share of Consumer Income Spent on Taxable Goods Has Declined
Share of Consumer Income Spent on Taxable Goods Has Declined December 15, 2014

In recent decades, Californians have spent more of their income on housing, health care, and other services not subject to the state and local sales tax.

Thumbnail for Personal Income Tax Is State's Dominant General Fund Revenue
Personal Income Tax Is State's Dominant General Fund Revenue December 9, 2014

Over the past several decades, the personal income tax has replaced the sales tax as the main source of the state's General Fund revenue.

Thumbnail for 2014-15 Sales Taxes $188 Million Below Projections As of Nov. 30
2014-15 Sales Taxes $188 Million Below Projections As of Nov. 30 December 8, 2014

Last week, data showed that personal and corporate income taxes together were $1.6 billion above June 2014 budget projections through November 30. New preliminary data on November General Fund sales tax collections indicate this tax is running a couple of hundred million dollars below budget act projections for the 2014-15 fiscal year to date.